Negotiable Instruments Act Section 45A — Holder's right to duplicate of lost bill

CHAPTER III PARTIES TO NOTES, BILLS AND CHEQUES.

General

Summary

If a bill of exchange is lost before its payment due date, the person who held it can ask the drawer to issue a replacement bill with the same terms. The holder may have to provide security to protect the drawer if the original bill is ever found again. If the drawer refuses to give this duplicate after being asked, the holder can force them to do so.

Official Text

Where a bill of exchange has been lost before it is over-due, the person who was the holder of it may apply to the drawer to give him another bill of the same tenor, giving security to the drawer, if required, to indemnify him against all persons whatever in case the bill alleged to have been lost shall be found again. If the drawer on request as aforesaid refuses to give such duplicate bill, he may be compelled to do so.]